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20130114
20130114
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the government hit the debt ceiling at the end of december, but treasury secretary tim geithner was able to extend government funding through february 15. republicans want big spending cuts in exchange for raising the borrowing limit. president obama says he will not negotiate with congress paying its own bills. >>> did you see a big difference? the first paycheck of the new year brought surprises and raised eyebrows for at love people all over the country. as pam cook reports in our newsroom, it's not a good surprise, pam. it's expected to have a big impact on the economy. >> reporter: yes, it is. the country did not fall off that fiscal cliff but as a result, some people say it feels like their personal budgets did. the federal compromise means tax breaks for social security and medicare expire. for singles earning $200,000 a year, couples earning $250,000 a year, that translates to about a 2% cut to their take- home pay. one man said he and his wife are losing nearly $300 a month. that's their car payment or groceries for the month. the nonpartisan tax policy center estimates that 77%
this is according to the white house. he's going to be focusing though on the debt ceiling. that will be his opening statement. now, the president has made repeated calls for congress to raise the limit without strings attached. we'll see how it goes. also likely to be mentioned in today's presidential news conference is the administration's push for gun control. today marked one month since the deadly shooting in newtown, connecticut. but vice president joe biden is expected to deliver his recommendations to the president tomorrow is holding one last meeting today with a dozen house democrats. as the gun control discussion takes center stage on capitol hill, the white house is already saying it will put its full force behind those proposals including what could be the toughest fight, the call to revibe the assault weapons ban. >> assault weapon ban is a tough one because it's hard to define what assault weapon is. and if we're just defining it by what it looks like, that doesn't do much for me. >> you think you have enough on capitol hill to keep an assault weapons ban fro
marker on that issue of the debt ceiling. will it hit of how much it can borrow. the president says that congress must raise it. he will not negotiate. it's their responsibility. that puts the president squarely at odds with the president. they'll demand spending cuts before raising that ceiling. the president will not engage in negotiates, period. it's simply congress's responsibility to act. >> he's ruled out any unilateral work-around. >>> an element of here we go again. >> it certainly does. so many times, back in august 2011, again, just before the end of this year, the president in pa major confrontation with congress over fiscal issues, taxes and spending and debt. >> you're looking at the door slightly ajarred to the green room, right next to the east room, and the president has been gathering there, we noticed that he postponed this press conference a couple of times this morning. a few delays. >> supposed to be around 11:15. we're almost half-hour after that. not quite. the president could face questions about personnel in the second term. he's facing a big fight with his
the debt ceiling, or exercise the responsibility that they have kept for themselves and raise the debt ceiling, because this is about paying the bills. this is not a complicated concept. you do not go out to dinner and then eat all you want and then leave without paying the check. if you do, you are breaking the law. congress should think about the same way the american people do. if congress wants to say maybe we should go to a more modest restaurant, that's fine. in order to curb our appetite, we're not going to pay the people who already provided the insurance, already front of the money. that is not showing any discipline. that is just not meeting obligations. you cannot do that. that is not a credible way to run the government. we cannot going from crisis to crisis when there is a path in front of us that require stability and compromise. that's how this goes. that is how this needs to work. >> thank you, mr. president. binding votes for the debt ceiling can sometimes be complicated. in previous aspects of american history, president reagan, president h. w. bush, president clinton
refused, saying they're refusing to negotiate over the debt ceiling. question is show, how do they enforce not negotiating when they have their own arcane plan b. over the weekend, the treasury didn't department took one of toews off the table. the trillion dollar platinum coin. senate democrats suggested another plan brk. they wrote in a letter to the president that if the republicans refused to raise the debt ceiling or agreed to do it as part of unbalanced legislation, then we believe you must be willing to take any lawful steps to ensure that america does not break its promises and trigger a global economic crisis without congressional approval if negative. so senate democrats are beg igi the white house to consider maybe it's the 14th amount md option. whatever it is, they're begging the white house to find a plan b. meanwhile, the republican leadership is quietly trying to push itself rank and file away from a debt ceiling showdown, believing the fight worth having is over funding the government in a potential government shutdown. the risk, if they use debt ceiling as the leverage po
look at options the treasury department has to avoid hitting the debt ceiling and later, the mission and scope of the bureau of alcohol, tobacco, firearms, and explosives. "washington journal" is next. ♪ host: good morning, it is monday, january 14, 2014. the house returns to capitol hill today for an abbreviated worth -- an abbreviated work week. it will include spending and though relief in the wake of hurricane sandy. work continues on the obama administration's response in the wake of the mass shooting in connecticut. that is where we want to be in with you this morning. what fox you have on the roll of film, television, and video games in this ongoing debate? what responsibility, if any, to those groups have to change or put restrictions on their products? give us a call on the democratic line. for democrats, 202-585-3880. for republicans, 202-585-3881. for independents, 202-585-3882. and if you are outside the united states, 202-585-3883. you can catch up with us on all of your favorite social media sites. or you can e-mail us, journal@c- span.org. i want to star
morgenson talks about mortgage lending. steve bell talks about the debt ceiling. then, the mission and scope of the bureau of all, tobacco, firearms, explosives. "washington journal," live at 7:00 a.m. eastern on c-span. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> next, "q&a." then, david -- david cameron takes questions at the house of commons. then a discussion on the guantanamo detention facility. >> the fundamental idea here is if you spend time in silicon valley, if you spend time in detroit, where the automobile industry is being rebuilt, if you spent time outside the beltway, you see that america has the potential to generate abundance for its own citizens and for the world. you spend time only inside the beltway, it looks like a zero sum game. it looks like a lose-lose. who will lose the most is the gist is the -- gist of the negotiation. water the lessons of the technology sector? what are the lessons that have come from the optimism in the technology sector? how can they give us some ideas that we can pass it a
Search Results 0 to 6 of about 7